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Review on FlatQube by Praise Olagbadun

Revainrating 5 out of 5

Cheap fees, Good security, Fast transaction speed, and an Easy to Use Platform

The word "swap" is one that is quite popular. It has been in existence for quite a while, the only difference is that the names have been rebranded. In our History class, we were once told that before the introduction of currencies, the one and only means of getting different items from the "one item" you have is to make use of the old word for swap. This word was known as "Trade by Barter." This means of swapping involves the exchange of an item for another and it seem to have served them quite well. Other names for swap is what we know as Exchange and trade.

Just as y'all might have noticed by now, I would be talking about a project that deals with the word "swap" excellently. This project is known as TON Swap. Prior to my most previous review, I'm quite sure you must have noticed that the project is from the TON network. Consequently, it was built by Broxus, the company that is in charge of the TON network project development. Before going into the details of what TON swap is all about, I guess talking about the project behind it would be a good way to introduce things to you.

Free TON happens to be one of the projects I believe so much in. Being a type of person that believes in just a little number of things proves the fact that my believing in it is for a good reason. As at the time I got to know about Free TON, which also happens to be when Revain introduced me to them, I have been making intensive research on the project and have discovered quite a lot about them. One of the things that have made me believe so much in them is decentralization. A project that is completely decentralized is just a few metres away from Success. This is because decisions are made collectively and decisions made collectively are always better than those made by just one person, just as the adage says: "Two heads are better than one." Their being"decentralized" isn't just there for fun as I have checked out things that makes them get the qualification of being decentralized and discovered they are indeed. First looking at how committed they are to their community and how they make decisions.

Moving on to the major focus of today's review, TON Swap. Being a trader who have been exposed to quite a lot of exchange platforms, some of which includes scam exchange platform, exchange platforms that have closed down due to low liquidity, and of course legitimate exchange platform, I have decided to give some analysis in relation to the TON swap and reasons why it is preferred to some other exchange mediums or platforms. Unlike some CEX (Centralized exchange) platforms that charge traders about 0.1% fee for every trade, and DEX (Decentralized exchange) platforms that charge about 0.5% for trades made, the TON swap platform charge an estimate of about 0.001% for every trade made. This is just like a pinch of what you're trying to exchange 😅😅. Their transaction fees seems to be quite cheap that I'm beginning to think of migrating from the Binance Smart Chain to TON network. Looking at the trend at which things work on the blockchain network, I'm quite sure that in no time, traders would be trooping into the TON network. This is because the same fee that pursued traders from the Ethereum network to the Binance Smart Chain would also welcome them to the TON network.

Charging a very cheap fee is just one of the advantages you get from using the TON swap for your transactions. Another one is Security. I'm beginning to think this should actually come first 😅😅. This is because security is one of the most important feature to look into, if not the most, especially in the blockchain network which seems to be a virtual world. The TON swap makes use of what is known as the Stalwart security to provide just enough security for traders. Stalwart is a company that is owned and managed by A.K SHEKAR. The company has its headquarters located in India and is currently ranked one of the best when it comes to security. The company has also been able to acquire about 30 years of experience, being in existence for that long. This makes the security feature of the TON swap platform a quite reliable one.

Haven talked about fees and security, I think the next thing to talk about is the transaction speed. The world we live in today is one that have developed a great addiction to speed. Many people want to get things done faster. A young teenager around our neighborhood was once watching a video online. Over the process of watching it, the video stopped and was loading for some seconds, probably due to poor network service, she immediately started telling me about how much she would want to change her phone due to its slow browsing speed 😅😅. All the stories she told me was just because a video stopped playing for some seconds. This little story demonstrates how much we love something going fast. I'm quite sure crypto traders would also want something fast and that's why TON swap have you considered. The project has been able to set up a system which is capable of process about a million transactions in just a second. This way a trader don't have to get affected by another trader's activities. They've been able to get this done by Making use of a unique dynamic sharding technology. This helps them to be able to process up to a million transaction in a second without any hiccup.

Finally, I would be talking about their interface. What good is a sophisticated user interface that one always finds difficult to navigate through, I don't think that interface is of any good. The TON swap seems to have agreed with me. This is proven by how easy I found their user interface to navigate through. All I had to do was to copy the URL and past in a dApp browser. Everything else needed was easy to find on their interface. As for people that might have gone through the website and are still finding some things difficult to get to or their interface a bit confusing to navigate through, Broxus got you covered. You can always check the Broxus website to get a step-by-step guide to getting everything you might need done.

Collectively, the TON swap provides very cheap fee (I decided to not use the word "affordable" as it has gone far beyond affordable here 😅😅), good security system by a company that has more than 3 decades of experience in the field they belong to, ultra fast transaction speed which makes their platform open to as much traders as are interested, and finally, an easy to understand interface to help traders navigate through easily. All these features seems to be complete to me and TON swap seems to be a good one at the end of it all.

Pros
  • They charge fees that are too low to complain about, probably the cheapest I've ever seen
  • They have their security covered by a group of persons with years of experience
  • Transaction speed is quite compelling
  • I found it easy to navigate through their platform
  • They have an article published for people who find it difficult to navigate through their webSite
Cons
  • It's all good to me

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